# $SXA Token

**$SXA** is an SPL Token built on Solana Blockchain.

## Tokenomics

Total supply - **66,660,000** **$SXA**

* **Staking Rewards**
  * 70% of the total supply will be held for [staking rewards](https://spacex-apes.gitbook.io/space-x-apes/utilities/staking) and distributed over 3 years.
  * 35% of that will be distributed in the first year, giving early adopters a better opportunity to earn more rewards in the first year.
  * The remaining 35% of the reward supply will be distributed from the second year and beyond, with distribution on gradative regression basis on the % of remaining tokens rewarded to holders.
* **Liquidity Pool**
  * 10% of the supply is allocated for the liquidity pool and will increase the trading value once we deploy the liquidity on DEX simultaneously with the GEN2 Launch.
* **Team**
  * 10% of the supply will be held by the team. This will be distributed gradually after a 12 months cliff and fully distributed over a further 12 months period.
* **Marketing**
  * 10% of the supply will be held for marketing acts and giveaways.

![](https://3298331119-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FnQYs0oxEQrDWrCQumquS%2Fuploads%2F9fhVjjVSNHq70qTQrgnm%2FSXA_Tokenomics.png?alt=media\&token=112f0cc5-095b-46e4-9137-752b0a14abb7)

### Utility

**$SXA** will be core to the entire SXA/SXL Eco-system - anything and everything we can execute and connect to, will be attributed to $SXA Token.

1. Utilisation in SXA DAO where users will have access to exclusive WL, Entry in poker nights, and multiple giveaways.
2. Using $SXA to enter [raffles and auctions](https://spacex-apes.gitbook.io/space-x-apes/utilities/in-the-making...).
3. Using $SXA for [breeding](https://spacex-apes.gitbook.io/space-x-apes/utilities/in-the-making...) or we like to call it Galactic Missions.
4. $SXA will also be key currency in our evolution [Metaverse](https://spacex-apes.gitbook.io/space-x-apes/utilities/metaverse).
5. Discounted prices for those offering payment on some core services on SXL ([Space X Labs](https://spacex-apes.gitbook.io/space-x-apes/utilities/space-x-labs-sxl)) using $SXA.

SXA DAO with the support of the core team will constantly evolve and seek new opportunities to make $SXA useable on other Solana-based interfaces. Some examples, but not limited to: Using it on upcoming Marketplaces to purchase NFTs, Trading it as a currency on Metaverse and web3 Casinos. Using it in [Metaverse ](https://spacex-apes.gitbook.io/space-x-apes/utilities/metaverse)stores to participate and purchase assets.